Orange Bank and Mambu extend their partnership to France
Orange Bank announced today that it will migrate to Mambu’s cloud banking platform at its head office in France based on the successful launch of Orange Bank on Mambu in Spain in 2019.
The bank uses Mambu to manage its current account, loan and credit card products with a state-regulated savings account under development. The implementation in France signals the bank’s intention to operate a single banking platform to scale across Europe. Orange Bank, which was launched in 2017, offers banking solutions that have been developed for customers’ mobile use. Its digital-first ethos allows customers to complete all transactions autonomously from their mobile application, with ease and speed.
Stephane Vallois, CEO of Orange Bank: “Innovation for customers is at the center of our strategy, and in Mambu’s cloud banking platform we found not only an innovative solution, but a supportive and reliable partner. We have the flexibility to build and launch new features with shorter time to market that add real customer value. We see the cloud as a differentiator, it allows us to leverage strong data security and lower maintenance costs to grow faster and scale globally. At Mambu, we can build ground-breaking solutions that truly reinvent the banking experience, and we look forward to the future together across Europe. Based on our partnership in Spain, we were able to navigate uncharted waters during the pandemic, delivering new products while improving existing ones. Always keeping the needs of a changing market at the center of our strategy.”
Eugene Danilkis, CEO Mambu: “Orange Bank is a great example of how Mambu enables businesses to scale with flexibility and agility while leveraging the cloud. Our platform was born to empower our customers to create wonderful financial experiences quickly, easily and with the best from the ever-changing fintech ecosystem. Like us, Orange was born out of non-traditional roots and embraces change with a different mindset. We are excited to support Orange in continuously designing innovative solutions as it expands its business and reaches more and more customers with better financial experiences.”
Orange Bank is powered by Mambu and leverages Amazon Web Services (AWS) native services such as EKS, RDS, Elasticache, Lambda, which enable the digital bank to operate from the cloud, while supporting the rapid deployment of financial products and services. Building its core banking systems on Mambu hosted in AWS ensures that Orange Bank can scale its business and improve the banking experience for its customers across Europe.
In accordance Charlotte Sanderson, Head of Global FSI Technology Partnerships at AWS which hosts the bank’s services, the transition to the cloud affects all industries, and it all comes down to the speed advantage. “We’ve seen forward-thinking organizations like Orange Bank stand at the forefront of this next-generation banking. Offering new end-to-end digital services that engage customers and are tailored to their needs will be key to surviving the competition.”
